Crypto
Tech Insight: Who holds stablecoins and how they are used in the $300 billion market
The stablecoin market has grown to $304 billion as of January 2026, up 49% from a year earlier, with Tether\'s USDT and Circle\'s USDC accounting for 89% of supply. Dune and SteakhouseFi tracked 15 major tokens across EVM chains, Solana and Tron, detailing wallet concentration, chain-by-chain transfer volumes and usage categories. Total transfers reached $10.3 trillion in January, led by Base despite a small supply.
